Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, February 18, 2019.

British Pound/ (FOREX:GBPLFX)

Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low GBPLFX Price Change
2.61745 2.62095 2.61555 2.62005 +0.00260
Entry Signal

MarketClub’s Trade Triangles for GBPLFX

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 2.57795

intermediate term up The intermediate term trend has been UP since Jan 17th, 2019 at 2.60435

short term up The short term trend has been UP since Feb 18th, 2019 at 2.61815

Smart Scan Analysis for GBPLFX

Based on a pre-defined weighted trend formula for chart analysis, GBPLFX scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for GBPLFX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.61745 2.62095 2.61555 2.62005 +0.00260
Prev. Close Volume Bid Ask Time
2.61745 2.61930 2.62080 2019-02-18 11:36:23
Want to analyze British Pound/ GBPLFX or another symbol? Try our Free Forex Trend Analysis Report.